the anatoly corporation is an electronics dealer and distributor. sales for the

Question

the anatoly corporation is an electronics dealer and distributor. sales for the last year were $4.5 million, and cost of goods sold and operating expenses totaled $3.2 million. anatoly also paid $150,000 in interest expense and depreciation expense totaled $50,000. in addition, the company sold securities for $120,000 that it had purchased 4 years earlier at a price of $40,000. compute the tax liability for analtoly the anatoly corporation is an electronics dealer and distributor. sales for the last year were $4.5 million, and cost of goods sold and operating expenses totaled $3.2 million. anatoly also paid $150,000 in interest expense and depreciation expense totaled $50,000. in addition, the company sold securities for $120,000 that it had purchased 4 years earlier at a price of $40,000. compute the tax liability for analtoly the anatoly corporation is an electronics dealer and distributor. sales for the last year were $4.5 million, and cost of goods sold and operating expenses totaled $3.2 million. anatoly also paid $150,000 in interest expense and depreciation expense totaled $50,000. in addition, the company sold securities for $120,000 that it had purchased 4 years earlier at a price of $40,000. compute the tax liability for analtoly

Explanation / Answer

Estimed tax liability is $ 384,176

Particulars Amount ($) Sales 4,500,000 Cost of goods sold & operating expenses 3,200,000 Gross profit 1,300,000 interest 150,000 Depreciation 50,000 Net Profit 1,100,000

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